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This state government launches scheme to offer micro loans at low interest rates in the cooperative sector.
  • a)
    Kerala
  • b)
    Telangana
  • c)
    Karnataka
  • d)
    Andra Pradesh
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
This state government launches scheme to offer micro loans at low inte...
The Kerala Governement launhed an ambitious micro-finance programme in the co-operative sector to help ordinary people who are being exploited by private financiers charging exorbitant interest rates for loans. It is a joint initiative of cooperative banks and Kudumbashree (women neighbourhood network). They have launched the proposed scheme, titled 'Muttathe Mulla'. Under the initiative, Cooperative banks would give away micro-finance loans to 'Kudumbashree' at an interest rate of 7 per cent, which members of the neighbourhood network can avail at an interest rate of 12 per cent instead of 37-72% interest for mico loans that the private lenders are giving.
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This state government launches scheme to offer micro loans at low interest rates in the cooperative sector.a)Keralab)Telanganac)Karnatakad)Andra PradeshCorrect answer is option 'A'. Can you explain this answer?
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